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If any bill amount is inclusive of service Tax? How to
calculate?
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Answer Posted / sachin sharma
service tax is charges as (see below)
amount accrued for service provided: 100000
servcie tax tereon is : 100000*12.36/100 = 12360
in case the amount of servcie provided is inclusive in amount received then calculation of service tax is:
100000*100/112.36 = 88999.64
this mean the value of services provide is 88999.65
and the service tax is 100000-88999.65 = 11000.35.
Reply from:
Sachin CS(Company Secretary)
Karnal (Haryana)
| Is This Answer Correct ? | 76 Yes | 15 No |
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